3.61% Checking Account at AL/TN/MS Bank (CB&S Bank)


Update 11/09/09: The top yield has fallen to 3.61% APY.

CB&S Bank is offering a new checking account called the Star Rewards Checking. It pays 3.61% APY on balances up to $25K (0.75% over) and provides automatic reimbursements of all ATM fees if the following requirements are met:
  • 10 debit card purchases
  • 1 direct deposit or ACH auto debit
  • receive electronic statements
Other features of the account regardless of monthly requirements include:
  • $100 minimum initial deposit
  • No minimum balance requirements
  • No monthly service charge
When I contacted the bank in 2006, I was told that no hard credit pulls are done; only ChexSystem is used when you open this account.

The CSR stated that you must visit a branch to open an account. Branches are located in several cities of Alabama, Tennessee and Mississippi.

The bank is federally insured by the FDIC.

Rate History:
11/01/09: 3.61% APY up to $25K; 0.75% over; 0.15% base
03/27/08: 4.41% APY up to $25K
12/09/06: 5.61% APY up to $25K; 1.01% over

Edit 7/18/09: Updated post with newer format.
Edit 2/22/09: Citizens Bank has changed its name to CB&S Bank.
Related Pages: checking account, reward checking account

Banking Guy
  |     |   Comment #1
There's a new link to the Star Rewards Checking account page.
  |     |   Comment #2
Nitpicking I suppose, but the middle tier is 1.01% APY and the bottom rate is 0.24% APY if requirements not met.
  |     |   Comment #3
Add ACH auto debit as a requirement.
  |     |   Comment #4
All rates dropped on Nov 1,'09: 3.61%, 0.75%, 0.15%. 19 months with no rate change - impressive.

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.